Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateUtahTo Governor
HB 195: Precious Metals Amendments
Ken Ivory
HB 195 status: To Governor — Became Law w/o Governor Signature (updated Mar 26, 2026).
Source
OpenStates
Confidence
Low
Analysis basis
OpenStates summary
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
Not enough information
Score:Not enough information
Risk:Moderate Risk
Impact:Moderate Impact 50/100
Constitutionality50%
Bipartisan50%
Public opinion50%
Bill summary
What changes
The bill introduces new regulatory rules for the purchase and sale of precious metals, including gold and silver, within the state.
Who is affected
Precious metals dealers, financial institutions dealing in commodities, and the State Treasurer's office.
Requirements and enforcement
Specific compliance and reporting requirements are not detailed in the available abstract.
Costs and funding
Implied regulatory compliance costs for businesses involved in the sector; specific budget impacts are unknown.
When it takes effect
The bill has been enacted into law as of March 2026.
Potential benefits
Potential for improved transaction oversight and market standardization.
Risks and tradeoffs
Risk of increased regulatory burden and the absence of clear implementation details for market participants.
What is still unknown
The exact scope of the 'new rules,' specific transaction limitations, oversight mechanisms, and definitions of affected entities are currently unverified.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Mixed / Neutral
50%
Benefits
- Establishes new regulatory framework for precious metals trade
- Potential for increased market stability
- Standardization of state-level transaction rules
Risks
- Increased compliance costs for precious metal dealers
- Potential market friction during transition period
- Regulatory uncertainty for small-scale bullion businesses
Society
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Technology Industry
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Civic Accountability
Not enough information
Not enough information to score this sector.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Public Health & Safety
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
OpenStates
Official bill text or data from OpenStates.
Confidence
Low
Information is limited or incomplete.
Analysis basis
OpenStates summary
Source used for this bill's analysis.
Source note
LegiScan returned a PDF-only document. PDF extraction is not enabled in this build, so the pipeline used a safer fallback.
Analysis scope
Source material consists only of a high-level summary.
04
Where it stands
Official record- IntroducedComplete
- CommitteeComplete
- Chamber votesComplete
- Final agreementComplete
- GovernorCurrent
- EnactedUpcoming
05
How it affects your district
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06
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